Do You Truly Know The Cost Of All The Economic Moves?

Does anyone in the sound of my voice truly understand what all this dancing in Washington is gonna cost you? But you I mean the American people. You have heard that some want to protect the taxpayer and some want the markets to do the adjusting, but what will this package cost the American taxpayer?

Remember when I say you I am talking about the American taxpayer.

.Both parties agree on one fundamental principle: The American people will have no say whatsoever in an arrangement that will compel them to pay for the losses of bankers and speculators who created the financial disaster. That is the content of the demand on all sides that “politics” be kept out of the bailout talks.

If America were a democracy in any meaningful sense of the term, it would be considered obligatory to have a full discussion and debate in the course of an election campaign over plans to raid the federal treasury and mortgage future generations to guarantee the riches of the financial elite.

But if the bailout were on the ballot November 4, the voters would repudiate it overwhelmingly. It is precisely because of this opposition that the conspirators of both parties are seeking to reach an agreement this weekend, preempting the issue and depriving the American public of any say in a decision that will profoundly affect the future course of the country.

The Democratic Party, as the past week’s events have clearly demonstrated, is the servant of Wall Street. Long gone are the days when liberal Democrats postured as opponents of the moneyed interests.

There is virtual unanimity among the Democrats on the need to bail out Wall Street and grant the treasury secretary full authority to deal with the crisis in the credit markets. The Democrats privately welcome the opportunity to implement the plan before the elections, in order to provide an all-purpose excuse for an Obama administration to abandon its campaign promises and implement austerity policies.

The financial crisis has demonstrated the economic failure of the capitalist system and the bankruptcy of its political structure. There is no way for the interests and concerns of working people to find genuine expression through the two big business parties.

YOU, the American taxpayer will be paying for this one way or another.  Your pay will only go so far and that distance is getting smaller and smaller.  Your children will also be paying for this economic dance.  And now even your grandchildren will be paupers because of it.  Do you really feel that you are getting your money’s worth out of this damn system?  I am sorry, but this system is broken.